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HEALTHCARE GLOBAL ENTERPRISES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HEALTHCARE GLOBAL ENTERPRISES is 104.90.

Share Price ₹460.5Nov 13,2024
Market Cap ₹6,418.7 Cr
Earnings-TTM₹61.2 CrTTM-Consolidated Results
Price/Earnings104.90xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HEALTHCARE GLOBAL ENTERPRISES

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of HEALTHCARE GLOBAL ENTERPRISES is calculated as :

Current Market Cap [ ₹6,418.7 Cr] as on Nov 13,2024

(/) Earnings [ ₹61.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 104.90x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HEALTHCARE GLOBAL ENTERPRISES , the investors are currently willing to pay 104.90 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of HEALTHCARE GLOBAL ENTERPRISES !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of HEALTHCARE GLOBAL ENTERPRISES over the last five years.

Historical PE (Price/Earnings) ratio chart of HEALTHCARE GLOBAL ENTERPRISES


PE Ratio Performance Analysis for HEALTHCARE GLOBAL ENTERPRISES

- HEALTHCARE GLOBAL ENTERPRISES 's latest p/e ratio is 104.90x.

- HEALTHCARE GLOBAL ENTERPRISES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 58.43x.

- HEALTHCARE GLOBAL ENTERPRISES 's operated at median p/e ratio of 69.83x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HEALTHCARE GLOBAL ENTERPRISES 's p/e ratio peaked in Mar2023 at 124.52x.

- HEALTHCARE GLOBAL ENTERPRISES 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does HEALTHCARE GLOBAL ENTERPRISES 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HEALTHCARE GLOBAL ENTERPRISES 61.19104.906,418.7
APOLLO HOSPITALS ENTERPRISE LTD1,196.8082.4298,637.0
MAX HEALTHCARE INSTITUTE LTD1,058.9692.0197,431.9
GLOBAL HEALTH LTD482.3157.6527,806.7
FORTIS HEALTHCARE LTD690.7667.8646,871.6
NARAYANA HRUDAYALAYA LTD779.1833.0225,727.0
ASTER DM HEALTHCARE LTD454.3547.5021,581.5
DR LAL PATHLABS LTD406.6060.9324,775.0
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD364.1960.8622,165.7
RAINBOW CHILDRENS MEDICARE LTD232.3769.9016,241.7
METROPOLIS HEALTHCARE LTD148.6270.7510,515.2

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs HEALTHCARE GLOBAL ENTERPRISES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 33.02x
Max industry PE 104.90x
Median industry PE 67.86x
Average industry PE 67.98x



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